Micro Display Industry Growing at a CAGR of 21.7% to 2025 According to The Insight Partners

The Insight Partners says “Up-surging demands for luxurious consumer electronics and smart wearable devices will drive microdisplay market with a CAGR of 21.7% by 2025”.

Microdisplay Market to 2025 – Global Analysis and Forecast by Technology, Application and Industry Verticals. Microdisplay market is expected to grow to US$ 4892.3 million by 2025 from US$ 845.3 million in 2015. An extremely small size and compact display where magnification is essential for viewing purpose is a microdisplay. Although the basic principle on how microdisplays work today was found many years ago, its integration into electronic devices has witnessed an upsurge in the recent times. Earlier, helmet-mounted CRTs used to deliver images to an individual viewer based on magnifying optics principle. These devices were used by a pilot in the aircraft and used to be confined to a cockpit.

A dire need of a more compact sized displays having less power consumptions and higher resolutions became the need of hour and manufacturers came up with microdisplays satisfying all the above stated needs. As the proliferation of Augmented Reality and Virtual Reality continues to grow across many numerous industry verticals and advancements in healthcare sector continue to splurge with a view to make services easily accessible to consumers, the microdisplays market is on its path to set a new benchmark of progress.

The global microdisplay market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America region is expected to account for the largest share of the global microdisplay market in 2016, followed by Europe. US being key country in North American region will lead microdisplay market in this region and is also expected to continue dominance throughout the forecast period from 2017 to 2025.

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